COMPLYCOUNSEL by ESQX

Time Is Running Out. File your BOI report today.

Beginning January 1, 2024, small businesses in the United States are required to report ownership information to the Financial Crimes Enforcement Network (FinCEN).

The report is required by law. Businesses registered or created before January 1, 2024 will have until January 1, 2025 to file beneficial ownership information with FinCEN.

Failure to comply can result in civil penalties of $500 per day, including criminal penalties of up to two years imprisonment and a fine up to $10,000.

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Deadline for companies filed prior to 2024

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What is the Corporate Transparency Act?

In 2022, Congress passed the Corporate Transparency Act, which aims to uncover ill-gotten gains from shell companies and fraudulent ownership structures. Congress hasn’t informed the public about this law, and now that task is falling on accountants, lawyers, and compliance professionals. Many business owners are not aware of this new federal requirement, putting them at risk of civil and criminal penalties.

Is My Business Affected?

Probably. If you operate a small business (fewer than 20 employees and less than $5m in revenue), you likely will need to file a report. For more information about the companies exempt from filing, see our exemptions page.

What Are the Timing Rules?

Depending on when your business was created, there are different rules related to timing. Congress has issued a phased approach beginning in 2024 and ending in 2025 for all affected businesses:

Businesses Created Before Jan 1, 2024

These entities have until December 31, 2024 to file a BOI report before facing civil and criminal penalties.

Businesses Created After Jan 1, 2024

These entities have up to 90 days after first forming the entity to report to FinCEN.

Businesses Created After Jan 1, 2025

These entities have up to 30 days after first forming the entity to report to FinCEN.

Are There Any Recurring Obligations?

Yes. Your FinCEN BOI filing is not a one-and-done thing. You now have a recurring obligation, courtesy of the federal government, to update your BOI filing within 30 days if any of the following occurs, forever:

Any change to information to the reporting company

For example, if you register a new business name or DBA, this will trigger a reporting requirement.

Any change in beneficial owners

This includes a change to management or ownership percentage in excess of 25% for an individual.

Any Change in An Owner's Information

If a beneficial owner's name, address, or unique identifying number provided to FinCEN changes.

Introducing ComplyCounsel™ by ESQX

As a law firm focused on BOI compliance, our mission is to provide legal filing services to as many companies affected by the new BOI reporting requirement as possible. We will work closely with clients in navigating this new law.

BOI Compliance Filing
by A Licensed Attorney

No Offshoring

Many of our competitors want to send your information overseas. With ComplyCounsel, your data is kept secure in our firm archives.

Our Team

Our team is composed of dedicated compliance professionals ready to help you in your BOI filing.

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an attorney will file your boi

Don't Let Amateurs file Your BOI. Hire an attorney.

ComplyCounsel™ ensures that every BOI filing occurs under the supervision of a licensed attorney based in the United States. We won’t send your information overseas or treat you like a number. As our valued client, we will help you interpret lengthy and sometimes confusing regulations.

The ComplyCounsel™ Difference is Clear

Client Testimonials

Don’t take our word for it. Here’s what our clients had to say.

Comply Counsel made the BOI Filing process super easy and now I don't have to worry about being late with my filing thank you

Yep, glad I did this! Bought the BOI filing subscription and they helped me figure it out. Painless and easy. 10/10

Comply Counsel gave me peace of mind in my business filing. They treated me like a valued client and were extremely responsive. Thank you!

As a freelance web developer I don't have time to report all of the details of my business so I hired Comply Counsel to do it for me. They helped me gather my information and file quickly. I would totally recommend this service.

I am small business owner running a salon I don't have time to file the document so I got subscription package and they took care of it

I contacted ComplyCounsel about a unique ownership structure concerning one of my business entities. The attorney worked diligently with me to help define what constitutes a "beneficial owner" which resulted in a detailed analysis of our ownership structure. I feel confident in the integrity of this service.

Let's Go

Ready to File?

First, we’ll determine if you are required to file. After that, we’ll present the available filing options.